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a) A country should always protect its domestic industries. Discuss.
b) To what extent can a country actually rely on the principle of Comparative Advantage before engaging in international trade?
c) "The trade-off between unemployment and inflation arise due to adaptive expectations." Comment on this statement.
d) The best way to deal with price rises is to increase income tax and reduce the purchasing power of individuals. Discuss.
a critique of the relevance of managerial economics
Q. Explain about Inventory Economies? Inventory Economies: Role of inventories is to aid the firm in meeting random changes in the output and the input sides of the operations
what does it mean?
Price elasticity of demand The price elasticity of demand is defined as the degree of sensitiveness or responsiveness of demand for a commodity to the changes in its price. Mo
Q. Explain the Leibenstein model? Leibenstein (1966) sees a firm's norms or conventions, dependent on its history of management initiatives, labour relations and other factors
d/f b/w MRTS and MRS
State the types of demand elasticity Income Elasticity: Elasticity of demand with respect to change in consumer's income. Price Expectation Elasticity of Demand: Elast
Economics has two major branches: (1) micro economics, and (2) both micro and macro economics theories. The parts of micro and macro economics that constitute managerial economics
critically analysis the profit maximisation theory of business firm and illucidet the role of profit in business
Ajax has the following short run cost curve when tc=800000-5000Q+100Q2
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